The second is the organizational level, which aims to organize the flow of work information within the enterprise. Modern economists point out that it is more profitable for a business to develop a high level of customer loyalty and turn them into regular customers than to attract new customers. On average, it costs five times more to acquire a new customer than to retain an existing one. You have to invest twice as much for new clients to bring in the same revenue as existing clients. This requires great attention to continuous monitoring of changes taking place in the market, assessing consumer preferences and considering possible alternatives in the short to medium term.
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The Marketing Department works in the following areas to determine the consumption preferences of customers; to form a list of goods and services phone number list based on these preferences; to focus on maintaining the loyalty of existing customers; to coordinate activities of the Structure Department at all stages from development to the formation of pricing policies and advertising campaigns; Publish products that are in demand. The purpose of operation is to meet the needs.
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Only by meeting the needs of the company’s customers can it be possible to ensure a stable income. Not only consider the parameters of existing requirements but UAE Phone Number also influence it if possible. Concepts of Social and Ethical Marketing Basic Marketing Concepts This strategy has been evolving since the 1990s. It supersedes the concept of market activity as society begins to actively change. Consider, for example, the situation of the Coca-Cola Company. Defenders of nature and consumer rights have managed to prove that the world-famous drink does more harm than good.